Hawkins Cookers FY-01 net down by 48.32%

Hawkins Cookers Ltd has posted a net profit of Rs 18.68 million for the year ended March 31, 2001 as compared to Rs 36.15 million for the previous year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 1134.72 million as compared to Rs 1156.37 million for the previous year ended March 31, 2000. The Board of Directors of the Company has recommended a Dividend of Rs 3 per share which if approved shall amount to Rs 15.86 million.

Parke Davis FY-01 PBT up by 52.35%

Parke Davis (India) Ltd has posted a net profit before tax (and extra-ordinary items) of Rs 376.30 million for the year ended March 31, 2001 as compared to Rs 247 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 2318.90 million as against Rs 2123.50 million for the previous year ended March 31, 2000. The Net Profit of the current year includes extra-ordinary items Rs 74.50 million (previous year Rs 63.60 million) and profit on sale of property Rs 479.20 million and tax provision after which the profit comes to Rs 624.50 million as compared to Rs 166.10 million for the previous year ended March 31, 2000. The Company has reported that during the current year, the Company has concluded the sale of its property at Saki Naka, Mumbai for an aggregate consideration of Rs 493.00 million ( profit on sale of property of Rs 479.20 million and the tax thereon Rs. Nil). The Company has received full consideration and executed the deed of conveyance. Other income for the current ended 31st March 2001 includes Rs 77.10 million received as compensation for termination of long-term lease arrangement with Warner-Lambert India Private Limited in respect of certain assets. Subsequent to termination of the lease arrangement, the Company has sold these assets to Warner-Lambert India Private Limited for Rs 211.10 million (including taxes). The Board of Directors have recommended a dividend of Rs 10/- per share (100%), this includes Rs 5/- per Share as Special dividend in view of completion of the sale of the Company's property at Saki Naka, Mumbai.

National Flask Industries gets new Director

National Flask Industries Ltd has informed BSE that Mr. Arun M.Gandhi has been appointed as whole time Director of the Company with effect from June 08, 2001.

BSE imposes AVM on 51 scrips

BSE has informed members of the exchange that Additional volatility Margin(AVM) has been imposed on the following scrips for the settlement No. 012/2001-2002 commencing on June 11, 2001. The AVM would be computed on the net outstanding Purchase or Sales position as may be applicable including carryforward positions at the end of day at the rate given below. The rate of AVM would be remain unchanged for the entire settlement. CODE NAME OF THE COMPANY GROUP AVM(%) 12599 Adani Exports Ltd. A 10.00 32351 Aksh Optifibre Ltd. B1 10.00 30715 Alps Industries Ltd. B1 10.00 8 Amara Raja Batteries Ltd A 10.00 31632 Avinash Information Technologies Ltd. B2 10.00 32385 Aztec Software and Technolgy Services Ltd. B1 10.00 36 Balaji Industrial Corporation Ltd., B1 10.00 32382 Balaji Telefilms Ltd. B1 10.00 6559 Bayer Diagnostics India Ltd B1 10.00 1469 Boston Education and Software Technologies ltd B2 15.00 32386 California Software Co. Ltd. B1 25.00 79 Carrier Aircon Ltd A 15.00 6395 Coromandel Fertilizers Ltd., B1 10.00 26785 Crest Communications Ltd. B1 15.00 6414 Duphar-Interfran Ltd., B1 15.00 150 Foseco India Ltd B1 10.00 4067 Fujitsu Icim Ltd. B1 15.00 32345 Gati Corporation Ltd B1 10.00 189 Hinduja Finance Corporation Ltd A 10.00 6480 IDL Industries Ltd B2 10.00 23758 Information Technologies (India) Lt B1 10.00 32175 Infotech Enterprises Ltd. B1 10.00 32033 Jain Studios Ltd. B1 15.00 32268 Kale Consultants Ltd B1 10.00 31892 Khandwala Securities Ltd. B1 15.00 23411 Krone Communications Ltd B1 10.00 23704 Mastek Limited A 15.00 32357 Mukta Arts Ltd. B1 10.00 31903 National Flask Industries Ltd. B1 10.00 4130 Otis Elevator Co. (India) Ltd., B1 10.00 32350 Padmalaya Telefilms Ltd. B1 15.00 31120 Patel Engineering Ltd B1 10.00 560 Philips India Limited., A 10.00 32199 PSI Data Systems Ltd., A 15.00 7300 Ravalgaon Sugar Farm Ltd., B1 10.00 12115 Rose Merc.Limited B2 10.00 378 Saw Pipes Ltd., A 15.00 32310 Shree Rama Multi-tech Ltd. A 10.00 17411 Shyam Telecom Ltd. A 10.00 31121 Sierra Optima Ltd B1 10.00 32293 Software Technology Group Intl. Ltd. B1 10.00 17556 SSI Ltd. A 10.00 32374 Sterlite Optical Technoligies Ltd. A 10.00 31707 Sun Infoways Ltd. B2 10.00 32409 Syngenta India Ltd. A 10.00 32301 Tata Coffee Ltd B1 10.00 463 Tata Telecom Ltd B1 10.00 32375 Tips Industries Ltd. B1 15.00 17562 Trigyn Technologies Ltd. A 10.00 23261 Western Hatcheries Ltd., B1 10.00 5537 Zee Telefilms Ltd A 10.00

Voltas and Fedders to form a "Manufacturing only" Joint Venture in India

Voltas Ltd has informed BSE that the Company and Fedders Corporation have entered into an Agreement on June 8, 2001 to form a joint venture for the manufacture of a range of room air conditioners in India. This significant development represents the very first time that such a 'manufacturing only' alliance has been formed in the air conditioning industry in India. The proposed joint venture will have an equal holding by Voltas and Fedders and will be operational only after all statutory clearances and other arrangements are in place. The primary objective of the joint venture is the achievement of truly international quality and technology standards in a cost efficient manner, with economies of scale fusing Voltas's decades of experience in climate control with the state of the art technologies and product design of Fedders. The resulting products of global quality will be marketed separately by Voltas and Fedders. Commenting on the joint venture, Daryl Erbs, Senior Vice President, International, said "Fedders has researched many potential investment options in India. We are pleased to team up with opne of the pioneers in air conditioning in India. The "manufacturing only" JV will enable Fedders to produce state of the art air conditioners in India, where the market has been growing at a rate of over 20% per annum and the residental market penetration is only 1 to 2 percent. We look forward to working closely with Voltas to make world-class air conditioning products in this important venture."

ICICI withdraws nominee Director from Medicorp Tech Board

Medicorp Technologies India Ltd has informed BSE that TCW/ICICI India Private Equity Find, LLC and TCW/ICICI India Private Equity AMP Fund, LLC have withdrawn their nominee, Mr. Nitin Deshmukh of ICICI Venture Funds Management Company Ltd from the Board of the Company, with effect from May 29, 2001.

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